Wells Fargo to pay US$185m over unauthorised accounts

September 8, 2016 5:18 PM

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Retail and commercial banking giant Wells Fargo will pay more than US$185 million in fines after US regulators accused the bank of secretly opening accounts without customers' knowledge, officials said on Thursday.

WASHINGTON: Retail and commercial banking giant Wells Fargo will pay more than US$185 million in fines after US regulators accused the bank of secretly opening accounts without customers' knowledge, officials said on Thursday (Sep 8).